Long on EUR/GBP
On a daily time frame there is a downward channel leading into a major support area.
I am expecting price to balance off of the support line of the downward channel where it currently is at the moment and break out of the channel heading to the next level of resistance.
RSI indicator is coming out of the oversold state as well as the MACD showing a possible golden cross developing.
Here is the trade i will be taking on this pair:
ORDER - Buy Stop
Entry - 0.83841
SL - 0.83341
TP - 0.85368
I am expecting price to balance off of the support line of the downward channel where it currently is at the moment and break out of the channel heading to the next level of resistance.
RSI indicator is coming out of the oversold state as well as the MACD showing a possible golden cross developing.
Here is the trade i will be taking on this pair:
ORDER - Buy Stop
Entry - 0.83841
SL - 0.83341
TP - 0.85368
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.